ABN Amro dividend yield fund

ABN Amro mutual fund has launched the dividend yield fund, which would
focus on the companies having a dividend yield higher than the BSE
Sensex. The other dividend yield funds available today are:

• Birla dividend yield fund – The stocks in this fund are selected if
its dividend yield is twice that of the sensex.
• Principal yield dividend fund – Dividend yield of the stocks
invested in needs to be 1.5 times nifty.
• Tata dividend yield fund – stocks should have a dividend yield
higher than the BSE sensex.

The entry load for this fund is 2.25% for investments upto Rs 5 crore.
No exit load, and the minimum investment is Rs 5000. the last date of
the offer is 30th August.

As per the stated asset allocation, the fund will invest 65-100 per
cent of its assets in high dividend yield stocks, and up to 35 per
cent of its assets in stocks which do not have a high dividend yield.
The fund can also invest up to 35 per cent of its assets in debt and
money market instruments